Title 8, TITLE 8. UTILITIES AND TRANSPORTATION
337 chapters · 3,744 sections in this title.
Ind. Code § 8-16-15.5-1 Definitions
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Sec. 1. The following definitions apply throughout this chapter: (1) "Bridge" means the White County bridge over the Wabash River that connects White County, Illinois, and Posey County, Indiana. The term includes all approaches and rights of way necessary or desirable for the ope…
Ind. Code § 8-16-15.5-10 Liability for bonds and notes; tax exemption
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Sec. 10. (a) All bonds or notes issued under this chapter are issued by the bridge authority as a body corporate and politic of the state, but not as a state agency, and for an essential public and governmental purpose. The bonds and notes, the interest on the bonds and notes, th…
Ind. Code § 8-16-15.5-11 Authorization to invest in bridge authority bonds and notes
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Sec. 11. Notwithstanding any other law or provision, all financial institutions, investment companies, insurance companies, insurance associations, executors, administrators, guardians, trustees, and other fiduciaries may legally invest sinking funds, money, or other funds belong…
Ind. Code § 8-16-15.5-12 Securities registration requirements; exemption
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Sec. 12. Bonds or notes issued under this chapter are exempt from the registration requirements of IC 23-19 and any other state securities registration statutes. As added by P.L.185-2018, SEC.27. Amended by P.L.10-2019, SEC.44.
Ind. Code § 8-16-15.5-13 Pledges of proceeds, investment earnings, or other money
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Sec. 13. A pledge of proceeds of bonds or notes, investment earnings on those proceeds, or other money pledged by the bridge authority is binding from the time the pledge is made. Proceeds of bonds or notes, investment earnings on those proceeds, or other money pledged by the bri…
Ind. Code § 8-16-15.5-14 Property taxes; special assessments; exemption
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Sec. 14. All property of the bridge authority is public property devoted to an essential public and governmental function and purpose and is exempt from all taxes and special assessments of the state or any political subdivision. As added by P.L.185-2018, SEC.27.
Ind. Code § 8-16-15.5-15 State and political subdivisions; immunity from liability
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Sec. 15. Neither: (1) the state; nor (2) a political subdivision of the state, including, without limitation, Posey County and the town of New Harmony; is liable for any action taken by the bridge authority. As added by P.L.185-2018, SEC.27.
Ind. Code § 8-16-15.5-2 Bridge authority; establishment; powers
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Sec. 2. (a) The New Harmony and Wabash River bridge authority is established as a separate body corporate and politic of the state for the purposes set forth in section 6 of this chapter. (b) The bridge authority is an entity separate from the state or any entity responsible for …
Ind. Code § 8-16-15.5-3 Bridge authority; members
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Sec. 3. (a) The bridge authority shall be composed of the following five (5) individuals: (1) Three (3) members appointed by the governor, no more than two (2) of whom may be from the same political party. (2) One (1) member appointed by the appropriate county executive of Posey …
Ind. Code § 8-16-15.5-4 Terms; vacancies
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Sec. 4. (a) An appointment to the bridge authority shall be for a term of four (4) years. Each member appointed to the bridge authority: (1) shall hold office for the term of the appointment; (2) shall continue to serve after the expiration of the appointment until a qualified su…
Ind. Code § 8-16-15.5-5 Organizational meeting
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Sec. 5. (a) The bridge authority shall hold an organizational meeting within thirty (30) days after the initial appointment of the members and every January of each subsequent year. During each organizational meeting, the bridge authority must elect the following officers from ex…
Ind. Code § 8-16-15.5-6 Purpose
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Sec. 6. The bridge authority is established for the purpose of: (1) inheriting the assets, duties, powers, and rights of the commission; (2) accepting the transfer and ownership of the bridge and all interests of the commission in real and personal property; (3) accepting or rece…
Ind. Code § 8-16-15.5-7 Powers
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Sec. 7. (a) The bridge authority may do the following: (1) Accept the assets of the commission. (2) Hold, exchange, lease, rent, sell (by conveyance by deed, land sale contract, or other instrument), use, or otherwise dispose of property acquired for the purpose of implementing t…
Ind. Code § 8-16-15.5-8 Bonds and notes
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Sec. 8. (a) The bridge authority may, by resolution, issue and sell bonds or notes of the bridge authority for the purpose of providing funds to implement this chapter. (b) Before issuing a series of bonds or notes, the bridge authority shall publish a notice of its determination…
Ind. Code § 8-16-15.5-9 Repealed
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As added by P.L.185-2018, SEC.27. Repealed by P.L.163-2020, SEC.2.
Ind. Code § 8-16-15.5-9.1 Members, officers, and employees; immunity from civil
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liability Sec. 9.1. (a) Except as provided in subsection (b), the bridge authority and its members, officers, and employees are immune from civil liability resulting from any act or omission related to implementation of this chapter. (b) This section does not grant immunity from …